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Notable Stock Picks [Thursday April 7 2011]

|Includes:PBY, PIR, Rite Aid Corporation (RAD)
1. The Pep Boys – Manny, Moe & Jack (NYSE: PBY)
 
Year first opened: 1921
Estimated number of employees: 12,169
 
PBY is a leading automotive retail and service chain – specializes in the automotive aftermarket industry. Its retails sell automotive parts, tires and accessories, automotive maintenance and service, and the installation of parts.
 
Competitors:
Advance Auto Parts Inc. (NYSE: AAP)
AutoZone Inc. (NYSE: AZO)
O’ Reilly Automotive, Inc. (Nasdaq: ORLY)
 
Ranks:
Zacks Research: 2 (BUY)
Yahoo Analyst Opinion: 2.2 (BUY)
 
Targets:
 
Mean Target:
15.25
Median Target:
16.00
High Target:
17.00
Low Target:
12.00
No. of Brokers:
4
 
 
History:
 
Date
Research Firm
Action
From
To
Mar 31, 2011
Stifel Nicolaus
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Hold
Buy
Apr 20, 2009
Argus
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Sell
Buy
Mar 24, 2009
Argus
Downgrade
Buy
Sell
Nov 3, 2008
Argus
Upgrade
Hold
Buy
Oct 23, 2008
Kevin Dann
Upgrade
Neutral
Buy
Apr 8, 2008
Stifel Nicolaus
Initiated
 
Hold
Feb 4, 2008
Credit Suisse
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Underperform
Neutral
Nov 27, 2007
BB&T Capital Mkts
Initiated
 
Hold
Jul 24, 2007
RBC Capital Mkts
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Underperform
Sector Perform
Jun 1, 2007
Cathay Financial
Initiated
 
Outperform
 
 
Chart:
From Prophet Chart (PBY)
 
As you can see the chart (2-year chart) above, PBY still has potential to go up to 17.50 – 18.00. There is a resistance at 18.00. This uptrend channel is pretty nice and neat. Good buy now.
 
PBY website: www.pepboys.com/
 
 
2. Pier 1 Imports Inc. (NYSE: PIR)
 
Year first opened: 1962
Estimated number of employees: 17,000
 
PIR is a chain of retail stores (over 1,000 stores) selling wide variety of furniture, decorative home furnishings, dining and kitchen goods, and home accessories in the United States, Canada, Mexico, and Puerto Rico.
 
Competitors:
Bed, Bath and Beyond (Nasdaq: BBBY)
Cost Plus World Market (Nasdaq: CPWM)
 
Ranks:
Zacks Research: 3 (NYSEARCA:HOLD)
Yahoo Analyst Opinion: 1.9 (BUY)
 
Targets:
 
Mean Target:
11.80
Median Target:
12.00
High Target:
12.00
Low Target:
11.00
No. of Brokers:
5
 
History:
 
Date
Research Firm
Action
From
To
Jan 13, 2011
BB&T Capital Mkts
Downgrade
Buy
Hold
Jun 3, 2010
Wedbush
Initiated
 
Outperform
Apr 14, 2010
BB&T Capital Mkts
Initiated
 
Buy
Feb 12, 2010
Oppenheimer
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Perform
Outperform
Nov 25, 2008
UBS
Downgrade
Buy
Neutral
Aug 5, 2008
KeyBanc Capital Mkts
Initiated
 
Underweight
Jun 25, 2008
DA Davidson
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Neutral
Buy
Apr 1, 2008
Deutsche Securities
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Hold
Buy
Apr 1, 2008
Jesup & Lamont
Initiated
 
Buy
Mar 7, 2008
Soleil
Initiated
 
Hold
 
Chart:
From Prophet Chart (PIR)
 
As you can see the chart (2-year) chart above, the uptrend channel is really good. If it breaks the resistance level at 11, then the stock can go up to 15. Good to buy now.
 
PIR website: www.pier1.com
 
 
 
3. Rite Aid (NYSE: RAD)
 
Year first opened: 1962
Estimated number of employees: 54,600
 
RAD is a retail drugstore chain (over 4,780 stores) across the United States. It is the third largest drugstore chain in the U.S.
 
Competitors:
CVS Caremark Corporation (NYSE: CVS)
Walgreen Co. (NYSE: WAG)
Wal-Mart Stores Inc. (NYSE: WMT)
 
Ranks:
Zacks Research: 2 (BUY)
Yahoo Analyst Opinion: 3.1 (Strong Buy 1.0 – 5.0 Sell)
 
Targets:
 
Mean Target:
1.23
Median Target:
1.10
High Target:
1.60
Low Target:
1.00
No. of Brokers:
3
 
History:
 
Date
Research Firm
Action
From
To
Jul 30, 2008
Banc of America Sec
Initiated
 
Neutral
Feb 26, 2008
JP Morgan
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Neutral
Overweight
Dec 21, 2007
UBS
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Neutral
Buy
Oct 4, 2007
HSBC Securities
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Underweight
Neutral
Jan 19, 2007
Goldman Sachs
Downgrade
Neutral
Sell
Aug 24, 2006
Rochdale Securities
Downgrade
Buy
Hold
Apr 26, 2006
HSBC Securities
Initiated
 
Underweight
Apr 10, 2006
Credit Suisse
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Underperform
Outperform
Mar 8, 2006
JP Morgan
Downgrade
Overweight
Neutral
Mar 1, 2006
Goldman Sachs
Upgrade
In-Line
Outperform
 
Chart:
From Prophet Chart (RAD)
 
As you can see the chart (5-year chart) above, RAD does not look too good. It has a resistance level at 1.50 and a support level at 0.81. I would not buy this stock simply because it is too risky.
 
RAD website: www.riteaid.com



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Enjoy Thursday!!!!!! =]
Stocks: RAD, PIR, PBY